First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces an outstanding financial performance for the fiscal year ended 31 March 2024, recording a Total Comprehensive Income of Rs. 10.1Bn, a significant increase from Rs. 2.7Bn in the previous year. This substantial growth underscores the Group’s strategic…
Adani Energy Solutions (AESL), part of Indian conglomerate the Adani Group, has announced its intention to raise $1.50bn for expanding its business. The company aims to raise the money through qualified institutional placement or another permissible mode, in one or more tranches. The fundraising effort is contingent upon approvals including the consent of company members…
Ruwan Wijewardene, Senior Advisor to the President on Climate Change, along with Ravi Pratap Singh of iLEAD International Academy and Santosh Menon, CEO of FCB KL.LK, called upon President Ranil Wickremesinghe to update him on the progress of an ambitious program to develop more than 6,400 Green Entrepreneurs along the entire coastline of the island…
Highest turnover of Rs. 11.5 billion Year-on-year turnover up 14% Alkyd Resin Plant and Binder Plant completed and operational Export sector growth increases by 53% Dollarized revenues 33% of total revenue Emerging regional conglomerate and Sri Lanka’s market leader in wood coatings and brushes, JAT Holdings PLC recently released its financials for the fiscal year…
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March…
The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) conducted two awareness sessions on the revised Corporate Governance Rules for Company Secretaries/Board Secretaries of Listed Companies on 29th and 30th May 2024. SEC Chairman Faizal Salieh initiated the sessions and the CSE’s Chief Regulatory Officer Renuke Wijayawardhane, made…
Ex President Trump was found guilty in a criminal trial last week. At the same time Human Rights Violations in USA during 2023 was published by the State Council Information Office of China on May 29th (Ref. Media). Some points from the 31 page report are below; According to the 2023 ‘Candidate Interview Experience’ report…
Business confidence spikes for a third consecutive month to nearly three digits Sri Lanka’s internal affairs are heating up with critical agreements pending regarding debt restructuring. The government however, is confident that the process will be completed in time for the release of the third IMF tranche in June. President Ranil Wickremesinghe announced that the…
The Lanka Hospitals Corporation PLC has officially announced that the Department of Public Enterprise of the Ministry of Finance, Economic Stabilization and National Policies has notified the company regarding a significant decision by the Board of Directors of Sri Lanka Insurance Corporation Limited. The decision involves the transfer of shares held by Sri Lanka Insurance…
Softlogic Holdings PLC has announced a significant partnership between its subsidiary, Softlogic City Hotels (Private) Limited, and the internationally renowned hotel operator Minor Hotels. This collaboration will see the rebranding and operation of Softlogic’s hotel in Colombo as an upper-upscale NH Collection hotel. Pursuant to Section 8.1 of the Listing Rules, the company disclosed that…
Video Story
